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How to Protect Your Company from High Employee Turnover

Achievers

Every manager and HR professional views employee turnover as a headache, but do you actually know how expensive and damaging it can be to your organization? The root of employee attrition originates in a lack of engagement, so the best approach to protect your company from high employee turnover is to focus on employee engagement.

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A hidden retention problem: When long tenure hurts your business

Insperity

But just as high turnover can interfere with your company’s growth on one end of the employee retention spectrum, long tenure – the opposite extreme – can stunt your business’s growth, too. To stay ahead of retention problems and maintain a thriving workforce, it’s important to understand both extremes and their downsides.

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Why do HR strategies fail? 8 common mistakes

Insperity

Think of it as your company’s road map for how you will leverage people to intentionally and proactively: Avoid potential problems Solve present and anticipated future challenges Support the workplace culture Achieve goals When executed well, HR strategy is a vital part of any business’s pathway to success.

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8 HR KPIs to measure in a post-pandemic workplace

Insperity

Post-pandemic turnover – also known as the Great Resignation – has led HR departments to zero in on employee engagement, satisfaction and retention. Employee retention. Employee retention is all about those workplace attributes that convince team members to stay for a long time. Employee turnover.

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6 important questions to guide your strategic HR plan

Insperity

Pay close attention to areas such as employee turnover, retention , attrition, diversity and equity. Then, commit to looking at your people analytics objectively and incorporating it into your HR strategic plan. Are your people analytics predicting another significant turnover event due to other factors (e.g.,

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What’s a people strategy, and why do you need one?

Insperity

It can also reduce your organization’s exposure to certain risks, such as: Widespread employee dissatisfaction Sudden increase in turnover An unexpected talent gap Failing to meet goals and falling behind. The more loyal your employees feel to your company, the less you have to deal with frequent turnover and its associated costs.

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High-potential leadership programs: The bridge from individual contributor to leader

Insperity

A high-potential leadership program is a critical component of succession planning. Businesses need more leaders who understand this shift in mindset and culture and are prepared to lead in a way that strengthens employee engagement and retention. Sometimes, businesses need to resolve leadership problems.